Listed tech’s in play – and now we’re starting to hear about action in the unlisted universe.
The unicorn that’s understood to be attracting attention is Melbourne’s Envato, which has private equity groups and bankers on both sides of the Pacific a little hot under the collar.
Envato makes more than $200 million revenue a year, is profitable and is wholly owned its founder group. The company has repeatedly spurned PE and VC interest, preferring to run its own race and bootstrap its way to unicorn status.
PE giant Blackstone’s one party that Street Talk has heard is taking a close look. The firm didn’t want to comment on Thursday.
